Swiss National Bank Purchases 1,477,637 Shares of Stellantis N.V. $STLA

Swiss National Bank boosted its position in Stellantis N.V. (NYSE:STLA) by 26.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,981,716 shares of the company’s stock after buying an additional 1,477,637 shares during the quarter. Swiss National Bank’s holdings in Stellantis were worth $48,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of Stellantis by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock valued at $919,000 after acquiring an additional 33,429 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Stellantis by 37.2% during the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock worth $171,000 after purchasing an additional 4,135 shares in the last quarter. M&T Bank Corp bought a new position in shares of Stellantis in the second quarter worth approximately $154,000. EverSource Wealth Advisors LLC increased its position in shares of Stellantis by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock worth $63,000 after purchasing an additional 2,448 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in Stellantis by 9.2% in the second quarter. Cerity Partners LLC now owns 65,473 shares of the company’s stock valued at $657,000 after purchasing an additional 5,542 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

STLA has been the subject of several research analyst reports. Freedom Capital upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Truist Financial set a $9.00 price objective on shares of Stellantis in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a report on Friday, July 17th. Kepler Capital Markets lowered shares of Stellantis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Finally, TD Cowen reduced their target price on Stellantis from $9.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.01.

Stellantis Price Performance

Shares of Stellantis stock opened at $5.79 on Thursday. The company’s fifty day simple moving average is $6.59 and its two-hundred day simple moving average is $7.65. Stellantis N.V. has a 12-month low of $5.25 and a 12-month high of $12.22. The firm has a market cap of $21.80 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 0.29 and a beta of 1.46. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.50.

Stellantis (NYSE:STLA) last posted its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $44.14 billion during the quarter. As a group, equities analysts expect that Stellantis N.V. will post 0.7 EPS for the current year.

Stellantis Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.